Published: 2026-07-16T02:51:06.000Z
Chart USD/CNH Update: Under pressure
1
Prices remains under pressure as break of the 6.7800 support see room to support at the 6.7600 congestion
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8270 | * | congestion, Feb low | S1 | 6.7600 | * | congestion | |
| R3 | 6.8200 | ** | Jun high | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8000 | * | congestion | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.7800 | ** | 3 Jul low | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
02:45 GMT - Prices remains under pressure as break of the 6.7800 support see room to support at the 6.7600 congestion. Below this will expose the June current year low at 6.7540 to retest where reaction can be expected to unwind oversold short-term studies. Break here will extend the bearish trend from the April 2025 high and see room to target 6.7350, 61.8% Fibonacci retracement. Meanwhile, the 3 July low now reverts to resistance and this is expected to cap corrective bounce and sustain losses from the 24 June high.